Illinois Compiled Statutes 755 ILCS 30/0.01 – Short title
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Terms Used In Illinois Compiled Statutes 755 ILCS 30/0.01
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
This Act may be cited as the Third Party Beneficiary Contract Act.